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There is wide acceptance of Automated Parking System across the buyers’ segments and this has been driving the growth of market worldwide. The active market players are constantly trying to differentiate their offerings from the competitors’ by generously investing in R&D activities. This effort adds to the global growth and paves way for glorious future of Automated Parking System market. Automated Parking System market’s ecosystem includes multiple participants and each one has an integral role to play.

The market competition has been analyzed and shares held by prominent companies have been estimated. The profiles of global leading companies are described in the report. Inclusions of company profile are the overview, offerings portfolio, financial performance, strategy adopted and relevant recent collaborations. All this put together, would help the reader of report in making important business decisions.

Major players active in the global Automated Parking System market include 5BY2, CITYLIFTS, DESIGNA, EITO&GLOBAL INC., FATA Automation, IHI Parking Systems, KLAUS MULTIPARKING SYSTEMS PVT. LTD, Pari, Park Plus, Inc., Parkmatic, Robotic Parking Systems, Inc., Romax Parking Solutions Ltd., Shandong Tada Auto Parking, Simmatec International Corporation, Skyline Parking, Unitronics, Watry Design, Inc., Westfalia Parking Systems, and wohr Parking System Pvt. Ltd.

The report provides an understanding of market composition and explains the role of established players and the regional contributors. The global demand is witnessing irregularities owing to outbreak of COVID-19. It is essential for the market players to make calculative moves in uncertain times and focus on client retention by entering long term associations. In order to maintain their share, the market players are focusing on client retention. The next five year duration is expected to bring in healthy growth to the market at a global level.

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The leading revenue generating segments have been thoroughly explained in the report along with the supporting facts. The report includes graphical and textual representation for capturing the change in market size through every year. Along with the year over year growth, aggregate growth has been calculated and represented for 2023 to 2032. Investment by the Automated Parking System market players for enhanced production along with strategic collaborations between ecosystem participants is anticipated to ensure growth throughout the forecast period.

For relevant insights, the Automated Parking System market has been segmented into 5 broader regions. Trends prevalent across prominent countries of every region have been studied from seller as well as buyer perspective. The demand for every product and application varies from region to region and the same has been correctly captured by the author of report. The reader of report would be able to make critical decisions related to cross border expansion, new product launch and so on.

Market Segmentation as below: 

By Component: solutions and services

By Automation Level: semi-automatic parking systems and fully automated parking systems

By Type: hydraulic and electro-mechanical parking systems

By Platform Type: palleted and non-palleted

By Parking Levels: less than level 5, level 5 to level 15, and above level 15

By End User: residential, commercial and industrial

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Each segment is assessed on the basis of CAGR, share and growth potential. This segmental analysis will surely prove to be a useful tool for the readers, stakeholders and market players to get a complete picture of the Automated Parking System market and its growth potential in the years to come.

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